Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!
Join in and win with InstaForex!
The euro failed to overcome the support on the first attempt on the weekly chart. We hadn't expected such a bold move from the bears.
Currently, the price is undergoing an upward correction. Convergence on the daily chart has strengthened, and we are awaiting the conclusion of the consolidation phase.
If the price consolidates below the trendline on the weekly chart at 1.0211, this could open up a target of 0.9920. The intermediate levels to watch are at 1.0135 and 1.0030.
On the 4-hour chart, today's price increase during the Pacific session was halted by the MACD line at 1.0278. Should the price gain the strength to surpass this high, growth could extend to 1.0350. The convergence has yet to complete its course.
You have already liked this post today
*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
In case gold consolidates below 2,765, the outlook could be negative and we could expect the price to reach 2,740. Gold could even reach 2,736. Eventually, any technical bounce will
Video Agenda: 00:00 INTRO 00:18 Totay's key events: Building Permits, New Home Sales, German Ifo Business Climate Index, ECB President Lagarde Speaks 01:28 EUR/USD 04:38 GBP/USD 06:24 SP 500 08:20
Potential for the further drop on BTCUSD
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.